Relates to the prohibition of lending institutions issuing unsolicited mail-loan checks

Summary

The bill forbids lending institutions from issuing mail‑loan checks unless the recipient has made an affirmative request. Any debt, interest, fees, or other obligations that arise from a prohibited check are declared null and must be refunded, and collectors may not pursue them. It is intended to shield seniors, people with disabilities, and financially stressed families from being tricked into unwanted loans.

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